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New four-year oil loan

    JOHANNESBURG

    The Angolan state oil company, Sonangol, has signed a US $575 million loan agreement with Union Bank of Switzerland, state television said in a broadcast monitored by the BBC.

    It said the four-year loan to Sonangol, backed by an oil sale contract between the Angolan oil company and British Petroleum, was signed in London on Tuesday.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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